University of California buys Ritz-Carlton hotel for $193 million: Other US universities with high-value properties

The Ritz-Carlton Half Moon Bay property, which was reportedly purchased by the University of California. (The Ritz-Carlton)

The University of California’s investment arm has purchased the Ritz-Carlton Hotel in Half Moon Bay for $193 million. This marks a addition in the trend of major real estate acquisition by a US higher education institutions. The purchase was confirmed by the San Mateo County Assessor’s Office after the sale was completed in recent days, … Read more